Technical Analysis 15-Feb-11

Market may open with a flat note and is expected to trade sideways, value buying can emerge by noon.

Sensex (18202)

Sensex has resistance at 18300 and 18434 above further upside. Support at 18156, 18073, 18050 and 17888.

NIFTY (5456)

Resistance at 5505 and 5520. Support at 5421 and 5377.

RECOMMENDATIONS

1) MARUTI (1224.1)
   The stock has resistance at 1230 if moves up then it can test 1248 and more. Support at 1212 and 1198 (Buy at lower)

2) SESAGOA (307.8)
   Support at 302 and 298. Resistance at 310 above 314 and more. (Buy at declines)

3) INFOSYS (3104.55)
   The support is at 3098 and 3075. Resistance at 3115 above it can test 3128, 3145 and more. (Buy at declines)

4) RELIANCE INDUSTRIES (914.8)
   Support at 907 below 900. Resistance at 925 above 938 and more. (Buy with a stoploss)

5) BAJAJ AUTO (1298.5)
   Resistance at 1315 above 1345. Support at 1278 and 1263. (Buy at declines)

DERIVATIVE STRATEGIES

BUY TCS FUTURES AT 1102 LEVELS

BUY SUNPHARMA FUTURES AT 419 LEVELS

If you like this post, please add your comment. If you don't like then, please let me know so that I can Improve. SPREAD THE WORD

Technical Analysis 08-Feb-11

Market may open with a flat note and is expected to trade sideways with minor positivity in the morning session.

Sensex (18037)
Sensex has resistance at 18168 and 18228. Support at 17919 and 17839.

NIFTY (5396)
Resistance at 5410, 5435 and 5450. Support at 5384, 5379 and 5348 below further selloff.

RECOMMENDATIONS

1) JUBILANT FOOD (515)
The support is at 505 and 500. Resistance at 521 above it can test 540 and 562 (Buy for delivery)

2) LANCO INFRA (46.25)
Support at 45.1 and 43.75. Resistance at 47 above it can test 49 and 51. (Buy for delivery)

3) BHARTI SHIPYARD (158.4)
The support is at 153 and 148. Resistance at 161 above it can test 165 and more. (Buy at lower)

4) SANGAM INDIA (46.75)
Support at 45 below 43. Resistance at 49 above 54. (Buy at lower levels)

5) ITI (37.55)
Resistance at 38.4 above 40.1 and 41.44. Support at 35.9 and 35.35. (Buy at lower for short term)

DERIVATIVE STRATEGIES
SELL PUNJLLOYD FUTURES AROUND 89.50 LEVELS
BUY BPCL FUTURES AROUND 590 LEVELS

If you like this post, please add your comment.
If you don't like then, please let me know so that I can Improve.

SPREAD THE WORD

Technical Analysis 07-Feb-11

Market may open with a flat note and is expected show some recovery but as the major trend is still negative we may see higher level selling pressure with nifty having support at 5348 levels.

Sensex (18008)

Sensex has resistance at 18131, 18152, 18261 and 18318. Support at 19898 and 17800.

NIFTY (5395)

Resistance at 5421, 5429, 5468 and 5477. Support at 5375, 5368, 5350 and 5348 below further selloff.

RECOMMENDATIONS

1) RAMA PHOSPHATE (67.1)

The support is at 65 and 63.25. Resistance at 69 above it can test 71, 74 and more (Buy at declines)

2) HUL (273)

Support at 269 if moves below it may test 265 and more. Resistance at 276 and 279. (Sell at higher)

3) RCF (85.75)

The support is at 84.35 and 83.25. Resistance at 86 above it can test 89 and 90.

4) SIEMENS (848.5)

Support at 843 below 838. Resistance at 853 above 858 and 862.

5) AXIS BANK (1222)

 Resistance at 1233 and 124785. Support at 1215 below further selloff is likely. (Sell at higher)

DERIVATIVE STRATEGIES

 - SELL HCLTECH FUTURES AROUND 489 LEVELS

 - SELL AUROBINDO PHARMA FUTURES AROUND 1162 LEVELS

Technical Analysis 04-Feb-11

Our markets are expected to open with a downside gap and are expected to trade sideways. Buying can be seen by noon.

Sensex (18449)

Sensex has resistance at 18520. Support at 18411, 18356, 18300 and 18220.

NIFTY (5526)

Resistance at 5534, 5555 and 5565. Support at 5502, 5488 and 5421.

RECOMMENDATIONS

1) NALCO (421.7)

The support at 415 and 408. Resistance at 425 above it can test 432 and 445 (Buy at declines)

2) TISCO (638.1)

Support at 633 and 625. Resistance at 640 above it can test 645 and 665. (Buy at declines)

3) CIPLA (329.4)

The support is at 325 and 322 if moves down further selloff is likely. Resistance at 333 above it can test 341 and 344.

4) DB REALTY (155.45)

Support at 152 below 148 if moves down it may test 138. Resistance at 158 and 165. (Sell at higher)

5) FINANCIAL TECHNOLOGIES (752.95)

The stock is technically looking positive. Resistance at 765 above it can test 777 and 785. Support at 742 and 735. (Buy at declines)

DERIVATIVE STRATEGIES

BUY L&T FUTURES AROUND 1610 LEVELS

SELL PNB FUTURES AROUND 1094 LEVELS

Technical Analysis 03-Feb-11

Our markets are expected to open with a flat note and are expected to trade sideways. Low level value buying can also be seen in the later part of the day.

Sensex (18090)Sensex has resistance at 18191, 18246, 18300 and 18342. Support at 17989 and 17882.

NIFTY (5432)Resistance at 5460, 5482, 5490 and 5516. Support at 5415, 5397, 5375 and 5360.

RECOMMENDATIONS
1) JAI CORP (169)
The stock is weak and is having support at 164 and 160. Resistance at 174 above it can test 180 (Buy for medium term delivery)

2) GITANJALI GEMS (202.45)
Support at 197 and 192. Resistance at 207 above it can test 215. (Buy for short term)

3) GREAT OFFSHORE (297)
The stock is weak below 305 and is having support only at 286.5. Resistance at 312.

4) VOLTAS (187.55)
Support at 185 below 181. Resistance at 192 above 198. (Buy at declines in small quantities)

5) WOCHARDT LTD (379.45)
Support at 372 and 365. Resistance at 387 and 390. (Buy with a long term perspective)

DERIVATIVE STRATEGIES
BUY HINDALCO FUTURES AROUND 230 LEVELS
BUY STERLITE FUTURES AROUND 164 LEVELS

Technical Analysis 02-Feb-11

Markets may open with a firm note and is expected to trade higher in the morning but slight one must expect slight profit booking in the later part of the day.

Sensex (18022)
Sensex has resistance at 18092, 18246, 18270 and 18345. Support at 18000 and 17972.

NIFTY (5417)
Resistance at 5443, 5458, 5480, 5508 and 5520. Support at 5400, 5385, 5365 and 5348.

RECOMMENDATIONS

1) RADICO KHAITAN - (136)Support at 133 and 129. Resistance at 138 above it can test 141 and 149 (Buy at declines)

2) PANACEA BIOTECH (193.2)Support at 190 and 182. Resistance at 196 above it can test 201 and 208. (Buy for short term)

3) RCF (80.2)Support at 78 and 76.1. Resistance at 81.5 above it can test 83 and 87. (Buy for short term)

4) AXIS BANK (1242)Support at 1230 below 1215. Resistance at 1250 above 1255 and 1278. (Buy at declines)

5) SIEMENS (848)Support at 843 and 835. Resistance at 855 if moves up it can test 862. (Buy for delivery)

DERIVATIVE STRATEGIES
SELL BHARTI FUTURES AROUND 325 LEVELS
BUY SAIL FUTURES AROUND 158 LEVELS

Technical Analysis 31-Jan-11

Market Trend

Markets may open with a downside note and is expected to trade lower. Minor recovery can be expected in the later part of the day.

Sensex (18395)

Sensex has resistance at 18485 and 18587. Support at 18210, 18108 and 18000.

NIFTY (5512)

Resistance at 5530 and 5545. Support at 5485, 5465, 5444 below 5408 and 5348.

RECOMMENDATIONS

1)    MARUTI (1229) Support at 1219 below it can test 1185 and more. Resistance at 1235 and 1260 (Sell at higher) 2)    TISCO (638) Support at 632, 626 and more. Resistance at 645 above it can test 649. (Sell at higher) 3)    L&T (1607) Support at 1600 and 1590 below it can test 1560 and more. Resistance at 1615 and 1638. 4)    ACC (992) Support at 990 below 975. Resistance at 999 above 1018. (Sell at higher)   5)     ONGC (1133) Support at 1103 and 1085. Resistance at 1139 if moves up it can test 1154 and 1163. (Buy at declines)

DERIVATIVE STRATEGIES

SELL MARUTI FUTURES AROUND 1238 LEVELS SELL BAJAJ AUTO FUTURES AROUND 1270 LEVELS

Technical Analysis 28-Jan-11

Markets may open with a downside note and is expected to trade lower. Selective buying can be seen in the later part of the day.

Sensex (18684)

Sensex has resistance at 18773, 18802 above 18938. Support at 18669 and 18540.

NIFTY (5604)

Resistance at 5622, 5630 and 5670. Support at 5588 and 5550 below further selling.

RECOMMENDATIONS

1)    HINDPETRO - (361.75)                                                                                                                                                                                                                                                                                                            

Support at 355 and 351. Resistance at 365 above 371 and more (Buy at declines)

2)    CIPLA (333.45)

   Support at 325 and 315. Resistance at 338 above it can test 345 and more. (Buy with a strict stoploss below the support)

3)    FDC (107.35)

     Support at 103 and 102. Resistance at 110 above 113 and 121. (Buy at declines)

4)    HDFC BANK (2050)

    Support at 2030 and 2010. Resistance at 2100 above it can test 2122. (Expect wild swings)

5)     SESAGOA (330.4)

      Support at 324 and 314. Resistance at 335 if moves up it can test 346.

DERIVATIVE STRATEGIES

SELL HINDALCO FUTURES AROUND 236 LEVELS

SELL M&M FUTURES AROUND 743 LEVELS

Technical Analysis 27-Jan-11

Our markets may open with a firm note and is expected to trade sideways. Volatility can rise due to expiry.

Sensex (18969)

Sensex has resistance at 19041, 19094 above 19167. Support at 18900, 18865, 18825 and 18764.

NIFTY (5687)

Resistance at 5696, 5764, 5715 and 5745. Support at 5673, 5623, 5613.

RECOMMENDATIONS

1)    KSK ENERGY  (113.2)

Support at 109 and 106. Resistance at 116 above 119 and 125 (Buy at declines for short term)

2)    STERLITE (179)

Support at 175 and 173. Resistance at 187 above it can test 195. (Buy at declines for delivery)

3)    ALEMBIC (69.75)

Support at 67 and 65. Resistance at 71 above 74 and 77. (Buy for delivery)

4)    SIEMENS (743.5)

Support at 735 and 728 below 703. Resistance at 745 above it can test 755 and 760. If the rally continues then it can test 846 (Buy for delivery)

5)     INFOSYS (3259)

The stock is weak below 3305 and 3285. Support at 3236 below it moves down it may test 3226 and 3165. (Sell at higher)

DERIVATIVE STRATEGIES

·   BUY BPCL FUTURES AROUND 621 LEVELS

·   SELL TCS FUTURES AROUND 1210 LEVELS

Technical Analysis 24-Dec-10

Our markets may open with a negative note and is expected to trade lackluster. Sentiment will remain negative for the day.

Sensex (19982)

Sensex has resistance at 20023, 20109 and 20137. Support at 19958, 19919 and 19850.

NIFTY (5980)

Resistance at 5988, 6006 and 6020. Support at 5974, 5961 and 5940.

RECOMMENDATIONS 

1)      STRIDES ACROLAB (422.35) 

Support at 418 and 413. (Buy for short term) Resistance at 425 above it can test 431 and more.

2)    IIFL (83.25)

Resistance at 85 above it can test 86 and 93. Support at 81.1 and 78. (Buy at declines)

3)    PIPAVAV SHIPYARD (79)

Support at 77.5 and 76.1. Resistance at 81 above it can test 83 and 85. (Buy at declines)

4)    SUNPHARMA (453)

Support at 448 and 443. Resistance at 456 above it can test 461 and 467. (Buy at declines)

5)     AUROBINDO PHARMA (1296)

   Support at 1278 and 1265. Resistance at 1305 above it can test 1335 and more. (Buy at declines)

DERIVATIVE STRATEGIES

BUY AUROBINDO PHARMA AT 1278.

BUY STRIDES ACROLAB AT 416 LEVELS

Technical Analysis 23-Dec-10

Our markets are expected to open with a positive note and are expected to trade sideways. Selective buying can be seen during the day.

Sensex (20015)

Sensex has resistance at 20166, 20195 and 20242. Support at 19930, 19803 and 19703.

NIFTY (5984)

Resistance at 5991,6028 and 6035. Support at 5956 and 5944.

RECOMMENDATIONS

 

1)    NITIN FIRE (77.9)                                                                                                                                                                                                                                                                                                     Support at 75.1 and 73.5. (Buy for short term) Resistance at 78.5 above it can test 80 and 83.

2)    SESAGOA (304.55)

Resistance at 306 above it can test 308 and 314. Support at 300 and 296. (Buy at declines)

3)    BHARTI (343.25)

Support at 340 and 335. Resistance at 346 above it can test 349 and 353. (Buy at declines)

4)    SYNDICATE BANK (129.3)

Support at 127 and 125.5. Resistance at 131 above it can test 134 and 136. (Buy at declines)

5)     TATA CHEMICALS (383.5)

Support at 383 and 379. Resistance at 389.9 above it can test 392 and 398. (Buy at declines)

DERIVATIVE STRATEGIES

BUY SYNDICATE BANK AT 127.

BUY BHARTI AT 337 LEVELS

Technical Analysis 22-Dec-10

Markets may open with a firm note and is expected to trade higher. Major resistance is there at 6067.

Sensex (20060)

Sensex has resistance at 20124 and 20249. Support at 19984, 19880, 19750 and 19713.

NIFTY (6000)

Resistance at 6018, 6030 and 6067. Support at 5983, 5958 and 5948.

RECOMMENDATIONS

1)    BAJAJ HINDUSTAN (110.15)                                                                                                                                                                                                                                                                                         Support at 107 and 104.1. (Buy at declines) Resistance at 112 above it can test 116 and 118.5.

2)    EVERONN (590)

Resistance at 601 above it can test 615 and 666. Support at 585 and 575. (Buy for short term)

3)    PATEL ENGINEERING (307.15)

Support at 299 and 291. Resistance at 310 above it can test 320 and 326. (Buy for short term)

4)    DR REDDY (1686.7)

Resistance at 1695 and 1710. Support at 1672 and 1665 below more selling can be seen. (Sell at higher)

5)     STERLITE (176.75)

Support at 173 and 171. Resistance at 177 above it can test 179 and 183. (Buy at declines)

DERIVATIVE STRATEGIES

BUY PATEL ENGINEERING AT 299.

SELL DR REDDY AT 171615) 

Technical Analysis 21-Dec-10

Markets may open with a firm note and is expected to trade higher. Profit booking can trim its early gains.

Sensex (19888)

Sensex has resistance at 19944, 19999 and 20193. Support at 19677, 19575 and 19537.

NIFTY (5947)

Resistance at 5963, 5985, 5992 and 6000. Support at 5938, 5922, 5900 and 5879.

RECOMMENDATIONS

1)    TATA CHEMICALS (373)                                                                                                                                                                                                                                                                                                Support at 368 and 361. (Buy at declines) Resistance at 375 above it can test 380 and more.

2)    ROLTA (152)

Resistance at 154 above it can test 158 and 161. Support at 149 and 145. (Buy at declines)

3)    L&T (1978)

Support at 1965 and 1949. Resistance at 1985 above it can test 1999 and 2015. (Buy at declines)

4)    MARUTI (1415)

Resistance at 1419 and 1524 above more buying can be seen. Support at 1403 and 1385. (Buy at declines)

5)     SHIV-VANI OIL (399)

Support at 392 and 385. Resistance at 405 above it can test 410 and more. (Buy at declines)

DERIVATIVE STRATEGIES

BUY HERO HONDA AT 1960

BUY HCLTECH AT 442

Technical Analysis 24-Nov-10

Our markets are expected to open with a flat note tracking Asian cues and we may see nifty consolidating ahead of the November f&o expiry happening tomorrow.

Sensex (19691)

Sensex has resistance at 19787, 19845 and 19901. Support at 19613, 19519, 19481 and 19439.

NIFTY (5934)

Resistance at 5952, 5968 and 5975. Support at 5908, 5868 and 5848.

RECOMMENDATIONS

1)    PATNI COMPUTERS (474.5)

The outlook turns out to be positive, having support at 470 and 464. (Buy at declines). Resistance at 477 above it can test 482 and 490.

2)    BHARTI (329)

The stock has support at 325 and 320. Resistance at 333 above it can test 340 and 342. (Buy at declines)

3)    DR REDDY (1760)

Support at 1751 and 1742 (Buy at declines). Resistance at 1771 above it can test 1794 and more.

4)    INFOSYS (3012)

Support at 2985 and 2975 if moves down then it may test 2944 (Expect sideways trend). Resistance at 3025 above it can test 3060 and 3089..

5)     CAIRN INDIA (320.45)

Support at 318 and 313 (Buy at lower levels). Resistance at 323 above it can test 328.

DERIVATIVE STRATEGIES

BUY BHARTI FUTURES AT 325

SELL ACC FUTURES AT 1017

Tags: Technical Analysis, Free Intraday Stock Tips, trading recommendations, bse/nse market tips, nse / bse stock tips, 24 Nov

Technical Analysis 22-Nov-10

Market may open with a positive note and is expected to show some recovery in the initial session but higher level selling is expected along with high volatility.

SENSEX (19585)

Sensex has Resistance at 19641, 19704 and 19757. Support at 19504, 19421, 19325.

NIFTY (5890)

Resistance at 5910, 5921, 5933 and 5947. Support at 5875 and 5853

RECOMMENDATIONS

1)    ICICI BANK (1148.7)

Support at 1135 if moves down then it can test 1121 and 1105. Resistance at 1160 and 1175. (Selling can be expected by noon)

2)    TATA POWER (1312.05)

Resistance at 1320 above it can test 1335. Support at 1305 and 1285 (Sell at higher)

3)    UFLEX (246)

Support at 240 and 234. (Buy at declines) Resistance at 249 above it can test 248 and 255.

4)    GRAVITA INDIA (225)

The stock has support at 220 and 216. Resistance at 227.5 above can test 235 and 240 or more. (Buy at declines)

5)    ACC (1019)

Resistance at 1032 and 1043. Support at 1012 below it may test 996 and 980 or more. (Sell at higher)

DERIVATIVE STRATEGIES

SELL RPOWER FUTURES AT 172

SELL BAJAJ AUTO FUTURES AT 1580

Technical Analysis_19Nov10

Market may open on a downside gap and is expected to trade lower. Minor buying can emerge by noon .Caution should be taken at higher levels.
 

SENSEX (19930)

Sensex has Resistance at 20000, 20035, 20145 and 20215. Support at 19810, 19750,19709.

NIFTY (5998)

Resistance at 6020, 6032 and 6066. Support at 5963, 5946 and 5922

RECOMMENDATIONS

1)    TATA STEEL (623)

Support at  616 AND 608.Resistance at 627  if moves up then it can test 635 and 640.

2)    MARICO (141.2)

Resistance at 142 above it can test 146 AND 150. Support at 137 and 133 (Buy at declines)

3)    BIOCON (408.5)

Resistance is at 410 above it can test 413 and 421 (Buy at declines). Support at 403 and 399.

4)    EDUCOM (564.6))

The stock has support at 560 and 553. Resistance at 569 above can test 575 and 583. (Buy at declines)

5)    UNITECH(71)

The stock has support at 69 and 65. Resistance at 75.6 and 77. (sell at higher)

DERIVATIVE STRATEGIES

BUY BIOCON FUTURES AT 399

SELL UNITECH FUTURES AT 74

Technical Analysis_18Nov10

Market may open with a flat note and is expected show some recovery but as the overall outlook is still weak, we may see markets finding it difficult to stay at higher levels.

SENSEX (19865)

Sensex has Resistance at 19966, 20094, 20175. Support at 19742, 19650 below further downside.

NIFTY (5988)

Resistance at 6009, 6027 and 6049. Support at 5970, 5950 and 5913

RECOMMENDATIONS

1)    CREST ANIMATION (93.5)

Support at 91 AND 88.5.Resistance at 95 if moves up then it can test 98 and 102 and more. (Buy for short term)

2)    BOSCH (6428)

Resistance at 6438 above it can test 6451, 6650 and 6800 in the short term. Support at 6396 and 6325 (Buy at declines)

3)    BPCL (725)

Resistance is at 731 above it can test 738 and 745 (Buy at declines). Support at 718 and 711.

4)    RELIANCE CAPITAL (749.25)

The stock is weak below 756, if trades below 745 it may test 738 and 732. Resistance at 760. (Sell at higher)

5)    HINDUSTAN COPPER (359)

The stock is weak below 370 and support is there at 355 below it may test 352 and 343. Resistance at 375. (Sell at higher)

DERIVATIVE STRATEGIES

BUY COAL INDIA AT 312

Technical Analysis_16Nov10

Market may open flat to negative. We may see selective buying which can be expected by noon. Mixed trend to continue.

Sensex (20309)

Sensex has resistance at 20482, 20508 and 20596. Support at 20225, 20113 and 20057.

NIFTY (6121)

Resistance at 6135, 6141 and 6168. Support at 6100, 6065 and 6045.

RECOMMENDATIONS
1)    L&T (2085)

Support at 2068 and 2057 (Buy at declines). Resistance at 2099 above it can test 2105 and more.

2)    BHARTI (309)

The stock is oversold and is expected to move up from current levels. Resistance at 312 above it can test 318, 325 and more. Support at 305 and 303.

3)    TISCO (618)

Support at 611 and 608 (Buy at declines). Resistance at 624 above it can test 630.

4)    KLG SYSTEL (92.1)

Support at 90 and 88 (Buy at declines). Resistance at 93.5 above it can test 95 and 98..

5)    JUPITER BIOSCIENCE (78.45)

Support at 76.5 and 74 (Buy for short term). Resistance at 80 above it can test 86 and 88.

DERIVATIVE STRATEGIES

BUY L&T FUTURES

BUY WIPRO FUTURES

Technical Analysis_15Nov10

Market may open flat to negative. We may see higher level selling which can be expected by noon. Selective buying can be seen in the later part of the day.

Sensex (20156)

Sensex has resistance at 20229, 20340 and 20440. Support at 20100, 20070 and 19938.

NIFTY (6071)

Resistance at 6085, 6102, 6120 and 6151. Support at 6051, 6031, 6016 and 6003.

RECOMMENDATIONS

1)    ICICI BANK (1200)

Support at 1195 below it may test 1182 and thereafter more selling is expected. Resistance at 1212 and 1228. (Sell at higher)

2)    SIEMENS (825)

The stock has resistance at 840 above 852. Support at 810 and 815. (Buy at lower)

3)    RELIANCE CAPITAL (784)

Support at 778 below it may test 771 and more (Sell at higher). Resistance at 790 above it can test 798.

4)    SONATA SOFTWARE (56.35)

Support at 55 and 53.5 (Buy for short term). Resistance at 58 above 61 and 65 above more buying can be seen.

5)     INFOSYS (2998)

Support at 2972 below more weakness expected (Sell at higher). Resistance at 3015 if moves up then it can test 3032.

DERIVATIVE STRATEGIES

BUY IOC MOTORS FUTURES AT 395

SELL RCOM FUTURES AT 173

Technical Analysis_12Nov10

Markets may open with downside gap  and expected trade lower till noon. Selective buying can be seen in the second half. Overall trend remains sideways to negative.


SENSEX (20589)

Sensex has Resistance at 20782, 20825, 20901 . Support at 20547,20419,20389,20251.

NIFTY (6194)

Resistance at 6223, 6246, 6261.Support at 6160, 6140 and 6115

RECOMMENDATIONS

1) APOLLO (70.35)
   Support at 68.9 and 66.Resistance at 72.5 and 74.1

2) CIPLA (332)
   Resistance at 336. Support at 330,327 and 324(Sell at higher))

3) WIPRO (429)
   Stock is weak below 434. Support at 427, 425 and 421.(Sell at higher)

4) ICICI BANK(1237))
   Support at1231, 1225 and 1218.Resistance at 1245 and 1262 (Sell at higher)

5) RELIANCE CAPITAL(814)
   Resistance at 821. Above it can even test 825 and more. Support at 811 and 807. (Sell at higher)

DERIVATIVE STRATEGIES

• SELL TATA STEEL AT 638
• SELL DLF AT 349